Goodfood Achieves Significant Gross Margin Expansion In First Half Of 2023

Follow us on Google News:
 Goodfood Achieves Significant Gross Margin Expansion In First Half Of 2023
Image source: ©2022 Kalkine Media®

Dec 2 (Reuters) - Goodfood Market Corp:


* GOODFOOD ACHIEVES SIGNIFICANT GROSS MARGIN EXPANSION, IMPROVES ADJUSTED EBITDA(1) BY 89% YEAR-OVER-YEAR AND REAFFIRMS EXPECTATION OF POSITIVE ADJUSTED EBITDA(1) IN FIRST HALF OF FY2023

* GOODFOOD MARKET CORP Q2 SALES FELL 37 PERCENT TO C$50.0 MILLION

* GOODFOOD MARKET CORP - QTRLY LOSS PER SHARE $0.78

* GOODFOOD MARKET CORP - UNDER PROJECT BLUE OCEAN ALIGNMENT OF WORKFORCE WITH SCALE LEADING TO SIGNIFICANT HEADCOUNT REDUCTIONS

* GOODFOOD MARKET CORP SEES Q1 2023 NET SALES OF ABOUT $46-48 MILLION

* GOODFOOD MARKET CORP - RECONFIRMING EXPECTED PATH TO RETURN TO POSITIVE QUARTERLY ADJUSTED EBITDA IN FIRST HALF OF 2023

* GOODFOOD MARKET - UNDER PROJECT BLUE OCEAN, FOOTPRINT RATIONALIZATION LEAD TO CONSOLIDATION OF PRODUCTION IN 2 FACILITIES IN MONTREAL AND CALGARY

* GOODFOOD MARKET- DURING HOLIDAY SEASON, SUMMER SEASON, CO ANTICIPATES NET SALES TO BE LOWER AS HIGHER PROPORTION OF CUSTOMERS ELECT TO SKIP DELIVERY

* GOODFOOD MARKET CORP - ANTICIPATES FOOD COSTS TO BE POSITIVELY AFFECTED DUE TO IMPROVED AVAILABILITY DURING PERIODS WITH WARMER WEATHER Source text for Eikon: Further company coverage:

Disclaimer

The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Featured Articles